Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Bangladesh
BGDFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.00
Year-over-Year Change
32.26%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of financial institutions, other financial corporations, and insurance corporations operating in Bangladesh. It provides insights into the breadth and depth of the country's financial sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Bangladesh is a key indicator of the financial infrastructure and accessibility within the country. It tracks the growth and distribution of various financial service providers, which is crucial for economic development and inclusion.
Methodology
The data is collected and compiled by the Bangladesh Bank, the central bank of Bangladesh.
Historical Context
This trend is important for policymakers, economists, and financial analysts to assess the development and efficiency of Bangladesh's financial system.
Key Facts
- Bangladesh has over 10,000 financial institutions as of the latest data.
- The number of insurance corporations in Bangladesh has doubled in the past decade.
- The financial sector accounts for over 5% of Bangladesh's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, other financial corporations, and insurance corporations operating in Bangladesh. It provides insights into the breadth and depth of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the development and accessibility of financial services in Bangladesh, which is important for economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bangladesh Bank, the central bank of Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the efficiency and expansion of Bangladesh's financial system, which informs economic development strategies and financial inclusion policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bangladesh Bank, but there may be occasional delays in reporting or changes in methodologies over time.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Bangladesh (BGDFCIOFINUM), retrieved from FRED.